Incorporation of Charter Party into Bill of Lading

Monday, April 14, 2003
The U.S. Court of Appeals for the Fifth Circuit ruled that when a charter party is clearly identified in a bill of lading, it may be incorporated into the bill of lading. In the instant case, the time charter for the vessel included a clause providing for arbitration of disputes via a specific procedure. The time charterer then entered into a voyage charter for carriage of steel coils from Latvia to New Orleans. Bills of lading were then executed by the charterer and the shipper for shipment of a cargo of steel coils. The bills of lading stated that they incorporated all terms and conditions of the time charter. The steel coils were delivered in a damaged condition and the shipper sought local arbitration. The vessel owner's objection was overruled by the trial court. On appeal, the court held that the evidence showed that the intent of the parties when the bills of lading were executed was to incorporate the provisions of voyage charter into the bills of lading. Source: HK Law

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

French Wheat Exports Await Indonesia Approval

French wheat exports to Indonesia are on hold as traders await the approval of a food safety agreement between the two countries, something exporters say is being

Fitch: M&A, Not Alliances to Help Revive Container Shipping

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address

Cosco Pacific Q1 Profit Up

Cosco Pacific Ltd.'s  first-quarter  ended 31 March 2016 net profit rose 31.4% from a year earlier on the back of a one-off gain. Turnover sank 2.27% yearly to US$129 million.

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0615 sec (16 req/sec)